Posted 09/08/2008 12:37 am
Quote:
Continental Congress of the Confederation passed a resolution on April 21, 1787, for the contract coining of a national copper cent. About two and a half months later they agreed on a design. A resolution of July 6th stated the penny obverse would have the sun and a sundial with the legend "FUGIO" (I fly), the date, and the legend "MIND YOUR BUSINESS." The reverse would contain thirteen linked circles with the legends "WE ARE ONE" and "UNITED STATES."
The contract was awarded to Jarvis who had given a $10,000 bribe to William Durer, the head of the Treasury Board. Jarvis was required to produce some three hundred tons of Fugio cents.In the end Broome made only about 400,000 Fugio cents (about four tons out of the 300 tons of coppers they had been contracted to produce) which were sent to the U.S. Treasury on May 21, 1788.
Continental Congress of the Confederation passed a resolution on April 21, 1787, for the contract coining of a national copper cent. About two and a half months later they agreed on a design. A resolution of July 6th stated the penny obverse would have the sun and a sundial with the legend "FUGIO" (I fly), the date, and the legend "MIND YOUR BUSINESS." The reverse would contain thirteen linked circles with the legends "WE ARE ONE" and "UNITED STATES."
The contract was awarded to Jarvis who had given a $10,000 bribe to William Durer, the head of the Treasury Board. Jarvis was required to produce some three hundred tons of Fugio cents.In the end Broome made only about 400,000 Fugio cents (about four tons out of the 300 tons of coppers they had been contracted to produce) which were sent to the U.S. Treasury on May 21, 1788.
Edited by 1sikevo
09/08/2008 12:38 am
09/08/2008 12:38 am
